Verifacto offers the Verisurance kiosk as the first step to collateral insurance management. Your buyer can purchase a top shelf liability, comprehensive and collision coverage policy faster than you can complete the sales documents. The policy is then emailed to the dealer and the purchaser. If you use Verifacto, the policy information is automatically uploaded to your tracking account.
Verifacto online insurance tracking is the answer to your challenges with insurance tracking. It is extremely difficult to manage the insurance on even 100 loans. Loan portfolios without automated tracking are typically has less than 50% insurance penetration. Portfolios with Verifacto tracking typically have a penetration rate above 85%.
If you are a dealer with 400 or more loans, insurance tracking has become a full time job. If you have hired someone to track insurance, why not give them a tool to be more effective?
We provide custom insurance and non-insurance solutions for in house auto dealers and auto finance companies. We are committed to you, the dealer. We meet personally with you to learn about the uniqueness of your business. Any agent can sell you a policy, but few can help manage your risks in all aspects of your buy-here-pay-here operation. Please contact us if you would like to discuss how to protect your loan collateral from the
hazard of your uninsured borrowers.